Movement Alert｜Celestica Overnight Rise 5.04%, strong Q3 results and raised full-year guidance continued to support shares

Market Focus

Yesterday

On November 11, Celestica recorded an Overnight rise of 5.04%, trading at $235.18 per share, with turnover of $1.4506 million.

The move was supported by the continued market digestion of the company’s previously reported third-quarter results and higher full-year adjusted EPS guidance, which remained the clearest recent catalyst in public information.

Celestica reported third-quarter revenue of $5.83 billion, up 83% year over year, while adjusted EPS came in at $3.30, above the $2.99 consensus estimate. The company also raised its full-year adjusted EPS outlook to $11.55, above the $11.21 market expectation. More recent market commentary also indicated that this earnings beat and guidance increase were still underpinning sentiment around the stock in the latest sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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